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News Briefs

July 28, 2023
James Dohnert
Carrington introduces 40-year loan program; Moody’s upgrades NewRez’s expanded-credit business; DBRS Morningstar updates home equity asset class ratings methodology.
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Life Insurance Firms See Opportunities in Non-QM

July 14, 2023
James Dohnert
Mortgage loans provide good portfolio diversification and match up well with insurers’ long-term liabilities.
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Schwab Offers Mortgage Discounts to Wealthy Clients

July 14, 2023
James Dohnert
Financial services company Charles Schwab is expanding a program that offers discounted mortgage rates in a bid to draw more high-net-worth clients.
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New Non-QM Lender Uses Custom Tech to Stand Out

July 14, 2023
James Dohnert
The Mortgage Calculator is leveraging multimedia and an in-house technology team to be as transparent as possible with its broker partners.
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Non-QM Lenders Debut Slate of New Products and Enhancements

July 14, 2023
James Dohnert
Lenders are launching or expanding programs for foreign nationals, borrowers with credit events and short-term rentals.
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Investors Pulling Back From Single-Family Rental Market

July 14, 2023
James Dohnert
A lack of inventory and rising interest rates are driving a slowdown in availability of rental units. And investors are reassessing their portfolios.
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News Briefs

July 14, 2023
James Dohnert
New non-QM MBS; Figure gains new private label partners; CFPB weighs in on TILA case; Guaranteed Rate takes full ownership of relocation mortgage specialist; AG Mortgage Investment Trust bids on Western Asset Mortgage Capital; A&D improves second-loan pricing.
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Fix-and-Flip Market Bounces Back Despite Inventory Crunch

July 14, 2023
James Dohnert
Fix-and-flip properties accounted for a larger share of home sales in the first quarter than they did in late 2022. But low inventory may put the brakes back on.
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Figure Launches HELOC Product for Wholesale Channel

June 30, 2023
James Dohnert
The platform offers end-to-end support and closing times measured in days, not weeks.
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Maxex Secures New Partnerships, Funding

June 30, 2023
James Dohnert
After deploying new solutions for the non-QM market, Maxex has partnered with South Street Securities Holdings and Atlas Merchant Capital for a new equity investment round.
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